How do taxes (VAT) work for sellers?
As a UK registered company, we are obliged to abide by the laws of England, as laid out in point 1.6 of our Seller Terms and Conditions. Part of this is to pay VAT (value added tax) to the UK authorities.
As Artfinder's commission is charge for a service provided to our sellers, we are obliged to charge 20% VAT on our commission to UK residents and non-VAT registered members of the European Community.
VAT is currently chargeable by Artfinder in the following circumstances:
- You are UK resident
- You are resident in the EC (not UK) but not VAT registered
VAT is not currently chargeable by Artfinder to you in the following circumstances
- You are resident in the EC (not UK) and VAT registered and have provided us with a valid VAT (or equivalent) registration number together with sufficient other evidence that is acceptable to HM Revenue & Customs and as required under EC law and regulation
- You are resident outside the UK and the EC
*Please note: The VAT charge is a legal requirement which goes directly to the tax office, it is not an additional charge to raise Artfinder's profits.